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Miller Energy Resources, Inc. Message Board

verado 352 posts  |  Last Activity: 3 hours ago Member since: Dec 3, 2002
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  • You are either the dumbest human alive or you have a serious mental deficiency or you just plain have a hidden reason for not posting logical true statements. Toss your desire to be right in face of knowing you are wrong likely has an influence also. To post and use Hamm's words in support of higher oil prices to come, is like Henry Ford saying Ford is the best car in the world. BOTH would be talking their own BOOK. Tell us what else do you think Hamm would say? Was it you using maybe your aka, that said something about trading options in MILL. Sam is the only long term poster on the board to claim he uses the options (ok, maybe one other). The entire universe of outstanding options in MILL can be closed for just about what a nice three day vacation in Vegas would cost you, in other words, lunch money for a week. Not only do you not understand MILL, but you are not willing do the necessary research to understand the stock, its direction, and the many varied factors having influence on the stock. In the end, you will lose with MILL, Be happy and enjoy your anticipated ride up, and when it does not happen, remember that old verado told you, you got a better chance with the power ball game than MILL. Hamm said, Hamm said, I am still trying to get my mind around who would be so naive as to expect Hamm to say anything except, oil is going to the moon, today!

  • Just waiting and wondering when geezer is going to communicate with share holders about the Sep sale of the TN assets. I can promise you that you WILL hear something from MILL about RU9 fairly soon. My logic? From Sep 15 MILL news release: Since its quarterly call last week, the Company has continued testing its latest well, RU-9. The tests have confirmed oil. While flow rates have varied preliminary results are encouraging. Upon completion of well clean-up activities and flow rate stabilization, the Company will announce well test results. That flow they mention has to be reported to the state of AK. No exception, out of the ground, into AK records. The production data, according to my contact in AK, is expected to be posted for SEP 2014 on or about Oct 25 or 27th for individual wells (you need IE to see this data). It seems a certainty that MILL will do some type release to put a positive spin on the numbers, a prophylactic to ward off a shareholder scare? Look for a release soon! I am traveling now, but also look for a post this weekend about MILL and the 8 million dollar dilemma that might just explain the RU 9 situation. That post will be based on a rumor out of Darwin's Theory yes, it is a pub in AK, jukebox and all. A good place for locals.

  • verado verado Oct 17, 2014 2:36 PM Flag

    Thanks, GS, we are on opposite sides at times, but I consider your posts to be stabilizing, informed and always on target. Once I am gone from this stock, I honestly would love to see all the old timers who have held through tick and thin, get a very good return on their investment in MILL. I have loved being here and all the banner back and forth with the real and intelligent posters. I have one post planned that I am looking forward to making to wrap up this trip to the board. And for the record, it is a given that at the right price, I will go long MILL, and again at the right price, I will short MILL in a significant way. WHY? because I understand that stocks do not always trade on their real worth, but on the perception of what they are worth. The average investor can be mislead by enthusiastic hype, Avoid the hype or look beyond it and you will all win in the end. Now hand me another one of those jelly donuts, they go down really easy. I would suggest to all, the cold con man has an agenda. I suspect he is connected to one of the 5% long positions? And, Yes, certainly a losing position!

  • Reply to

    wake up desparado..wake your 9 peeps up

    by jerryfufu1 Oct 17, 2014 11:07 AM
    verado verado Oct 17, 2014 2:04 PM Flag

    Going with Garcia in the 6th go get em! Perez in the 5th..excess Talamo wont even show?

  • verado verado Oct 17, 2014 1:52 PM Flag

    sounds to me like MILL is going to be booking Savants losses retro to May, I think they are running about 5K a day loss. Say 200 days...5K a day...another million down the tubes.

  • Reply to

    30 day price targets

    by cook_inlet_lng Oct 16, 2014 6:48 PM
    verado verado Oct 17, 2014 1:45 PM Flag

    Cookie cookie cookie, you so easy Update to the recently posted short position, you recall, that poster planned top short another 10K, well, he did, here is the position as it stands, as a matter of record, for you to gauge the correct target for this POS. 40K short at 3.65 avg 146K your money 100K margin my money (2.50 a share), added today 10K 3.80 avg 38K your money, 25K my money RECAP 184K your money 3.68 avg selling price, 125K my money. Right now, I am up about 5%. I have to tell you that 5% in four hours is not bad, I can not even annualize that. Can you do it for me? I will be closing the 50K if vol picks up, it was hell shorting the 10K this am, I usually do not fool with shorting 300 share lots, but today's volume made me have to resort to it. So Mr cookie, Tell us where you plan to exit the stock and your cost basis!. I am hoping in 30 days, I will have traded this dog several times over out in and out again. Give me another jelly donut! You sweet thing you jerry mathers or is that mathews. I try not to have any secrets. I have to be honest, my time with MILL is getting boring, and I am moving on to another issue. Keep your eyes open and you can follow the ball. The C&D, like the common, are doing that little bounce I just happened to predict two days ago. MILL prospects have not changed one bit, the market maker bought a whole lot of stock a few days ago, bumped the price and liquidated his stock, now we go down. And RU 9 is doing what, oh yeah, we are waiting for the pressure to equalize, MILL just set a new world record, owning the well with the longest pressure equalization time in history. Give them two more weeks. Just two more weeks. I am headed to the real casino and I will leave the action with you boys. I do have some buy to cover orders in, if we drop a bit more today! You know I am not going to hold a position in this dog any longer than necessary to make a nice gain. Me thinks cookie has ridden this dog up and down.

  • Any one who bought today at 3.65 and up, my thanks to you. This little bounce has enabled me to short sell 40,000 at an average of .365 a share. It must be your Christmas gift to me? I am told I can have another 100K to short if I want it, I may take another 10K down we the stock moves back to 3.70? Thank guys!

  • Reply to

    Voyticky / and whatever

    by whisperingpines1962 Oct 16, 2014 10:11 AM
    verado verado Oct 16, 2014 1:40 PM Flag

    Ten months ago with less fully diluted shares out there, MILL had a net short of close to 11 million, No fear then, none now. The fear remains that MILL folds under the debt load and lack of oil discovery. What you gonna do when they come for you! Mill long, MILL long

  • Reply to

    Voyticky / and whatever

    by whisperingpines1962 Oct 16, 2014 10:11 AM
    verado verado Oct 16, 2014 12:44 PM Flag

    Pinny is a reformed long. He was here long before you. He touted this stock for years.

  • Reply to

    Voyticky / and whatever

    by whisperingpines1962 Oct 16, 2014 10:11 AM
    verado verado Oct 16, 2014 12:42 PM Flag

    What about just a real update, just the exact current status, to h^ll with waiting until you can over deliver. If they are waiting for that chance, they may never say a word. Did this Geezer once promise he was going to be more open and communicate with stake holders? Geezer's reputation is ruined with MILL stake holders if RU 9 does not pan out and he has waited so long to inform them. If MILL is still facing a defined problem with RU9 or doing any thing at all with the well, open communication would dictate telling the stake holders the status. Right now all the longs have to go on is the moose pasture and blue sky projections from the cold con, the video game player wanna be oil man. Let's hear from the company, are they afraid to speak?

  • Reply to

    the bottom

    by valueseeker2011 Oct 15, 2014 8:44 PM
    verado verado Oct 15, 2014 9:08 PM Flag

    When I suggested you post more, I meant post honest factual things that are known truths. You write of hopium based future events, talk of today and speak with facts. We will remember that you called the bottom as being yesterday.

  • Reply to

    Seniority of Debt

    by thewideopenroad Oct 15, 2014 2:21 PM
    verado verado Oct 15, 2014 2:59 PM Flag

    open road, I toss a lot of trash around, but you ask a serious question...here is what I think the answer is to your question. The $40 million?? first lien has top priority Then Apollo's $175 million. On the equity side, the B has priority over the C&D which are equal. Then the common. If, in an extreme event, MILL went under, The assets likely would not bring much because if MILL goes under, there will also be others near the same time frame trying to sell a lot of assets with no buyers. I do not think MILL's assets will pay even 1/2 of the debt. You should look at the C&D as a total loss if MILL crashes. I suggest you go read the annual report and see just how much cash comes in from gas sales. That cash is not going to cover the cost of supporting the infrastructure and support any new drilling nor will it cover the loss from producing oil at a loss. Add in the fact that the entire NF is worth less than 40 million (contract included) and NF is the best thing MILL has. Simply look at what Buccaneer's liquidators are expecting to get for their gas production/reserves and then you will quickly realize MILL is a house of cards built with borrowed money and once they can not pay the bills, it all goes away. I think all the info you are seeking is well documented in the annual report, just remember to update the amounts actually owed by money borrowed on the 1st lien and the additional c/d sold since the report. You understand that all the operating agreements, debts, notes, liens, leases have to be paid before the C/D get a dime?

  • Reply to

    Is MILL "low cost"?

    by colecoman1 Oct 15, 2014 11:54 AM
    verado verado Oct 15, 2014 12:43 PM Flag

    Oh How we forget, MILL was $8.97 just 10 months ago (3.10 today). That is the only set of numbers every stakeholder in MILL needs to know. Yeah, If I had a cost basic even close to the 8.90 that cold con has, I would be getting desperate, just like him posting useless trash by the minute as he grabs at straws. Buddy, straws will not save you. Selling now will at least stop your bleeding.. *.97 to 3.10, hummmm one man right, one man wrong, two goes in, one comes out! I am walking out, head high, whole in spirit and fat in wallet! Can you say the same? Then why say at all?

  • Reply to

    Oil going UP?

    by colecoman1 Oct 15, 2014 10:17 AM
    verado verado Oct 15, 2014 12:24 PM Flag

    You are a generous man, PA, I would not even think bottom on oil until we cross below 70 a barrel. Uninformed believers of what they hear are going to be hurt much worse than they are hurting now. Any intelligent man will only place his money on the actual actions of others and where the cumulative actions of the market is taking a given price. Cookie and cold con (revived name from a regular junk poster), both seem to be VERY bitter about current market prices. They both must be losing a WHOLE LOT of hard cash here and are actually getting desperate. Take cold con's 10 or so useless post about all the great potential for MILL, well, we know all those potentials have been debunked for months. I hope and believe the regulars here, even the long suffering longs got a good laugh at him this morning as he posted ...oil is up! MILL is hedged into eternity!, We got well bore diversification! (DV created that term in a drunken rant trying to brainstorm how to suck the stupid public into buying MILL). Yeah, it worked on cold con! And cookie! continued:... shorts lie without facts (yet he offers nothing factual himself!), RU 9 meets and beats expectations, he heard that and reported it to us! Oil demand going up in 4th qtr 2014 in face of US govt official site projecting 600K B/D declined expected thru year end. Pipeline is great, Right connecting nothing to nothing, because MILL has no new oil and production at this decline rate will be zero soon enough. And infrastructure, still rusting away and costing a fortune to maintain, KEEP up the good posting cold con, Cookie, you are giving any/all serious market participants a very good well deserved laugh! $70 oil coming, and I am not even going to get into how it all ties in with the US putting the squeeze on Putin's privates.

  • Reply to

    Oil going UP?

    by colecoman1 Oct 15, 2014 10:17 AM
    verado verado Oct 15, 2014 12:24 PM Flag

    You are a generous man, PA, I would not even think bottom on oil until we cross below 70 a barrel. Uninformed believers of what they hear are going to be hurt much worse than they are hurting now. Any intelligent man will only place his money on the actual actions of others and where the cumulative actions of the market is taking a given price. Cookie and cold con (revived name from a regular junk poster), both seem to be VERY bitter about current market prices. They both must be losing a WHOLE LOT of hard cash here and are actually getting desperate. Take cold con's 10 or so useless post about all the great potential for MILL, well, we know all those potentials have been debunked for months. I hope and believe the regulars here, even the long suffering longs got a good laugh at him this morning as he posted ...oil is up! MILL is hedged into eternity!, We got well bore diversification! (DV created that term in a drunken rant trying to brainstorm how to suck the stupid public into buying MILL). Yeah, it worked on cold con! And cookie! continued:... shorts lie without facts (yet he offers nothing factual himself!), RU 9 meets and beats expectations, he heard that and reported it to us! Oil demand going up in 4th qtr 2014 in face of US govt official site projecting 600K B/D declined expected thru year end. Pipeline is great, Right connecting nothing to nothing, because MILL has no new oil and production at this decline rate will be zero soon enough. And infrastructure, still rusting away and costing a fortune to maintain, KEEP up the good posting cold con, Cookie, you are giving any/all serious market participants a very good well deserved laugh! $70 oil coming, and I am not even going to get into how it all ties in with the US putting the squeeze on Putin's privates.

  • verado by verado Oct 15, 2014 11:42 AM Flag

    ago, I posted..." I see no end point for now, maybe a bounce off 3 for a couple of days", Enjoy the little bounce as I predicted, it wont last.

  • Reply to

    Economics 101

    by olejos Oct 15, 2014 8:22 AM
    verado verado Oct 15, 2014 8:34 AM Flag

    Let me understand this, you propose to take all the fun out of trading, making it a bland pastime that will no longer hold our interests. With the emotion gone, we all buy a stock today for 22 a share, and sell it in ten years for 21 or 23, nah! I vote to leave the crazy insane emotion in stock trading.

  • Reply to

    Bottom?

    by verado Oct 14, 2014 6:21 PM
    verado verado Oct 15, 2014 8:27 AM Flag

    Gas, I have had my personal list for about a year, using $80 a barrell oil, and MILL has always been high on that list, in fact, I have even posted on this board a couple of times, expressing my thoughts/feelings about MILL! You may have read one or two of them.

  • Reply to

    Bottom?

    by verado Oct 14, 2014 6:21 PM
    verado verado Oct 14, 2014 8:04 PM Flag

    Thanks valueseeker, I appreciate your honest opinion, and thanks also to greg for posting his usual. decent post lacking the trash of some posters (I admit I am guilty as sin, but only acting in kind) without resorting to slamming. VS you do not post often, let me encourage you to post more frequently, you measure your words. My take on today's activity...NO bottom! The activity today was an orderly sell off. No panic, the MM let it drop, let it rise and managed to keep the price fairly even but still in a down trend. I see no end point for now, maybe a bounce off 3 for a couple of days. Like others have expressed today, the action in the C&D is a matter of great concern. MILL is against the wall.

  • Reply to

    You can quote me

    by heypearlharbour Oct 14, 2014 5:50 PM
    verado verado Oct 14, 2014 7:39 PM Flag

    Busted. AGAIN!. You guys are getting to smart for me. Back to the original question, which you know was loaded because any person with any level of knowledge about the market knows that margin selling was not even in that tired old hat as an excuse for today's action. What I really wanted to ask you was can we have your new address? You posted a week ago that you had bet the farm on MILL. Since you obviously have lost it now, I am concerned that you may be homeless??? Did you leave the farm willingly or were you evicted clinging to your belief that MILL is king and will over come all giving you another chance to hold on to the 1/4 acre of scrabble? You are so easy! Only tutu beats you as worlds dumbest.

MILL
3.74+0.16(+4.47%)Oct 20 4:02 PMEDT

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